UMC united minerals corporation nl
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  1. Neil_WA
    2,988 Posts.
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    14/11/08
    00:30
    Post #: 4497250
    The massive downward spiral of FMG will be weighing on all IO juniors - why would you buy a junior years from significant production when FMG are currently so cheap, and why would you buy any of them in the current downward spiral demonstrated by all IO stocks.

    IO is very vulnerable to the world economic growth slowing due to the massive supply potential of the big 3.

    I'm afraid to say UMC may hit sub-30c again before it goes higher - which would suit me as I missed out at 27c by one measly cent last year.
    UMC Price at posting: 60.0¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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